Boy, do I feel old now. It is the name commonly used for oleomargarine.

The first oleo (margarine) on the market came in a plastic bag and was white creamy stuff that had a color capsule in it. (Yes, a liquid-filled pill.) You squeezed it until the capsule broke and leaked it's orange-colored contents, then massaged the whole bag until it became a uniform butter color, then you cut the bag and squeezed the stuff into a container with a lid and refrigerated it. It would firm up, then you used it just like you use - well, margarine. It was my job as a kid when mom came home from the store. My dad wouldn't eat it. It was real butter for him!

Somebody PLEASE tell me I'm not the only 71-year old who remembers this!

My mom tried it once, my dad and brother said this is horrible (brother was three) and my brother to this day won't touch margerine. My grandparents were farmers, and sold milk to a dairy. Butter was and is always in the 'icebox!' Does that make you feel better Carol's Quilts?

Nope, you are not the only 71 year old that remembers this. Count me in. My siblings and I used to hope we would be the one picked to break the golden egg and mix it into the white stuff that looked like lard. Recently told my grandchildren about this and they were all in agreement that they had never heard of this before.